Himatsingka: Power of Patterns and Volume confirmation.

HIMATSEIDE

(1) Volume profile: Accumulation phase is running.. between 59.05 to 66.90 Levels And P.O.C. is standing at 62.70
(2) Rectangle Pattern range: 42.90 to 70
(3) Average high volume above trading.
(4) Previous swing high was 70
(5) RSI entered into overbought zone today i.e 22/06/2020. It indicates bulls are active.


Trade Set Up:
Bullish Breakout above 70
Target : 97.05
Stop Loss : 59 (Under P.O.C.)
Risk is yours and Reward is too yours totally.

Trade active

Comment:

Last Trading Session It was made high 91.45
i.e. 30.64% Up from my suggested price to invest.

Now, One can book Partial Profit here at cmp 88
And Rest hold for Target

Trade closed: target reached:

Target done... Book full profit. And Exit from capital and hold profit life time